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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
XSite Report
By: XSite Validation LLC
Industry Type:
Self Storage
Property address:
32255 Northwestern Highway
Suite 280
Farmington Hills, MI 48334
This report is customized for:
John Smith
February 3, 2008
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
XSite Validation (XSite) is a website application designed to analyze and validate property. It is a
completely automated tool, accessible via the internet, from any corner of the globe, and is theproduct of its management teams thirty five (35) years of expertise in the real estate and technologyindustries.
Its primary purpose is to assist bankers, developers, investors and real estate professionals obtaininformation on parcels of land and existing projects that, typically, is difficult and expensive to attain.The report will synthesize multiple sources of data into one easy to obtain report that is producedand delivered in only minutes over the internet.
The XSite Report includes a scoring model (and its process is patent pending), which is referred toas the XSite Report Index (XRI). The XRI is a scoring application, designed to attach an objectivescore to a parcel of property. Specific data (as identified below) shall be aggregated and indexed toprovide an instant assessment of a specified location. The assessment, or score, is weighted by
variables that pertain to the specific industry type or suggested intended use of the site.
A weighted score is necessary to eliminate the inherent biases found when reviewing property, and,thereby, allows bankers, developers, investors, and other real estate professionals an opportunity toutilize objectivity when ascertaining the potential viability of a subject parcel of property.
There are ten (10) categories which contribute to the XRI, and they are identified as follows:
Population Growth
Traffic Counts
Median Income Average Income
Consumer Expenditure By Intended Use
Market Potential
Building Permit Activity
Household Growth
Average Home Value
Competitive Locations
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
II. EXECUTIVE SUMMARY
2007 PopulationTotal Population 170,728Male Population 48.0%Female Population 52.0%Median Age 42.9
2007 Income
Median HH Income $92,137Per Capita Income $54,232Average HH Income $131,865
2007 HouseholdsTotal Households 70,167Average Household Size 2.411990-2000 Annual Rate 1.19%
2007 HousingOwner Occupied Housing Units 66.9%Renter Occupied Housing Units 27.3%Vacant Housing Units 5.8%
Population1990 Population 154,0192000 Population 168,1902007 Population 170,7282012 Population 172,2861990-2000 Annual Rate 0.88%2000-2007 Annual Rate 0.24%2007-2012 Annual Rate 0.18%In the identified market area, the current year population is 170,728. In 2000, the Census countin the market area was 168,190. The rate of change since 2000 was 0.24 percent annually. Thefive-year projection for the population in the market area is 172,286, representing achange of 0.18 percent annually from 2007 to 2012. Currently, the population is 48.0 percentmale and 52.0 percent female.
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Page 5 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
II. EXECUTIVE SUMMARY (continued)
Households
1990 Households 60,353
2000 Households 67,935
2007 Households 70,167
2012 Households 71,337
1990-2000 Annual Rate 1.19%
2000-2007 Annual Rate 0.52%
2007-2012 Annual Rate 0.33%
The household count in this market area has changed from 67,935 in 2000to 70,167 in the current year, a change of 0.52 percent annually.
The five-year projection of households is 71,337, a change of 0.33 percent
annually from the current year total. Average household size is
currently 2.41, compared to 2.45 in the year 2000. The number of families
in the current year is 46,038 in the market area.
Housing
Currently, 66.9 percent of the 74,455 housing units in the market area are
owner occupied; 27.3 percent, renter occupied; and 5.8 percent are
vacant. In 2000, there were 71,008 housing units 67.8 percent owner
occupied, 27.9 percent renter occupied and 4.3 percent vacant. The
rate of change in housing units since 2000 is 0.66 percent. Median homevalue in the market area is $319,196, compared to a median home
value of $192,285 for the U.S. In five years, median home value is
projected to change by 1.92 percent annually to $350,990. From 2000 to
the current year, median home value changed by 3.52 percent annually.
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Page 6 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
II. EXECUTIVE SUMMARY (continued)
Median Household Income
1990 Median HH Income $60,446
2000 Median HH Income $75,774
2007 Median HH Income $92,137
2012 Median HH Income $106,753
1990-2000 Annual Rate 2.29%
2000-2007 Annual Rate 3.18%
2007-2012 Annual Rate 2.99%
Per Capita Income
1990 Per Capita Income $32,275
2000 Per Capita Income $43,324
2007 Per Capita Income $54,232
2012 Per Capita Income $66,304
1990-2000 Annual Rate 2.99%
2000-2007 Annual Rate 3.66%2007-2012 Annual Rate 4.1%
Average Household Income
1990 Average Household Income $82,351
2000 Average Household Income $106,732
2007 Average HH Income $131,865
2012 Average HH Income $160,030
1990-2000 Annual Rate 2.63%
2000-2007 Annual Rate 3.44%2007-2012 Annual Rate 3.95%
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
II. EXECUTIVE SUMMARY (continued)
Households by IncomeCurrent median household income is $92,137 in the market area, compared to $53,154 for allU.S. households. Median household income is projected to be $106,753 in five years. In 2000,median household income was $75,774, compared to $60,446 in 1990.Current average household income is $131,865 in this market area, compared to $73,126 for allU.S. households. Average household income is projected to be $160,030 in five years. In 2000,average household income was $106,732, compared to $82,351 in 1990.Current per capita income is $54,232 in the market area, compared to the U.S. per capita
income of $27,916. The per capita income is projected to be $66,304 in five years. In 2000, theper capita income was $43,324, compared to $32,275 in 1990.
Population by EmploymentCurrently, 93.9 percent of the civilian labor force in the identified market area is employed and6.1 percent are unemployed. In comparison, 93.4 percent of the U.S. civilian labor force isemployed, and 6.6 percent are unemployed. In five years the rate of employment in the marketarea will be 93.9 percent of the civilian labor force, and unemployment will be 6.1 percent. Thepercentage of the U.S. civilian labor force that will be employed in five years is 93.9 percent, and6.1 percent will be unemployed. In 2000, 64.5 percent of the population aged 16 years orolder in the market area participated in the labor force, and 0.0 percent were in the ArmedForces.In the current year, the occupational distribution of the employed population is:
83.8 percent in white collar jobs (compared to 60.2 percent of U.S. employment) 8.0 percent in service jobs (compared to 16.5 percent of U.S. employment) 8.2 percent in blue collar jobs (compared to 23.3 percent of U.S. employment) In 2000, 88.7 percent of the market area population drove alone to work, and 3.6 percentworked at home. The average travel time to work in 2000 was 26.0 minutes in the market area,compared to the U.S. average of 25.5 minutes.
Population by EducationIn 2000, the educational attainment of the population aged 25 years or older in the market areawas distributed as follows:7.5 percent had not earned a high school diploma (19.6 percent in the U.S.) 14.4 percent were high school graduates only (28.6 percent in the U.S.) 5.4 percent had completed an Associate degree (6.3 percent in the U.S.)
28.8 percent had a Bachelors degree (15.5 percent in the U.S.) 25.3 percent had earned a Masters/Professional/Doctorate Degree (8.9 percent in the U.S.)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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Page 15 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
III. Market Summary (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
IV. Maps
Site
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Page 17 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
Aerial Map
IV. Maps (continued)
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Page 18 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
V. Reports
Demographics
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Page 19 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
V. Reports (continued)
Demographics
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
V. Reports (continued)
Traffic
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
* Distance and direction from the radius/drive time center point.
Date: 01/25/08Current Geography Selection: 5 mileradius: 32255 NORTHWESTERN HWY,FARMINGTN HLS, MI 48334Current Index Base: Entire US
Lat: 42.523067 Long: -83.347733City: Farmington Hills Pop: 82,213Zip: 48334 Pop: 17,309
V. Reports (continued)
Competition
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
Summary
Demographics
2007 Population 109,384
2007 Households
39,796
2007 MedianDisposable
$45,316
2007 Per CapitaIncome
$25,121
IndustrySummary
Demand(Retail
Supply(Retail
RetailGap
Leakage/Surplus
Numberof
Total Retail Tradeand Food & Drink
-
$1,081,770,862
$1,151,403,456
-$69,632,5
-3.1 716
Total Retail TradeNAICS 44-45
$943,347,937
$1,048,372152
-105 024
-5.3 524
Total Food & DrinkNAICS 722
$138,422,925
$103,031,304
$35,391,621
14.7 192
Industry Group
Demand(Retail
Potential)
Supply(Retail
Sales)
RetailGap
(Demand
Leakage/Surplus
Factor
Numberof
BusinessMotor Vehicle &Parts Dealers
$264,002,307
$346,732,066
-$82,729,7
-13.5 77
V. Reports (continued)
Leakage / Surplus
Latitude: 32.9696Longitude: -80.137Radius: 5.0 milesSite type: Retail Market Place Profile
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
Data Note:Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses areexcluded. Demand (retail potential) estimates the expected amount spent by consumers at retailestablishments. Supply and demand estimates are in current dollars. The Leakage/Surplus factorpresents a snapshot of retail opportunity. This is a measure of the relationship between supply anddemand that ranges from +100 (total leakage) to -100 (total surplus). A positive value representsleakage of retail opportunity outside the trade area. A negative value represents a surplus of retailsales, a market where customers are drawn in from outside the trade area. The Retail Gap
represents the difference between Retail Potential and Retail Sales. ESRI uses the North AmericanIndustry Classification System (NAICS) to classify businesses by their primary type of economicactivity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as
well as four industry groups within the Food Services & Drinking Establishments subsector.
Self Storage
V. Reports (continued)
Leakage Surplus (continued)
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
V. Reports (continued)
Real Estate Comparables
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
V. Reports (continued)
Environmental Report
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32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
VI. XSite Report Index (XRI)
The XSite Report XRI is a synthesis of data. The data is aggregated and indexed to provide an instantassessment of a location. The assessment, or score, is weighted by the variables that pertain to the specificindustry type or suggested intended use of the site. The Site has been graded B+,which suggests that this property is value for intended use and can be recommended for loandisbursement.
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Page 29 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021The material contained herein is confidential and intended for the sole usage of XSite Validation; distribution, resale, or reprint is strictly
prohibited and may be subject to penalty by law. The processes generated to produce an XSite score is patent pending.
VII. Data Sources
Leakage & Surplus: ESRI ArcWebServices Business Analyst OnlineTraffic Counts: ESRI ArcWebServices Analyst Online, DatametrixDemographic Data: ESRI ArcGIS Server AnalystBuilding Permits: US Census, Manufacturing Mining & StatisticsCompetition: InfoUSA
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CONTACT US
We welcome your correspondence:
By Email: [email protected]
By Phone: 248-741-4000